The success of plans to localize strategic industries in the UAE during 2024

The UAE continued its journey during 2024 towards the localization of a group of strategic industries, with the aim of achieving self-sufficiency and reducing dependence on imports, based on a future vision, solid strategies and advanced infrastructure to strengthen the national economy, most notably: defense and aerospace industries, aircraft components, medicine, food, renewable energy, petrochemicals and construction. As well as technological industries, including electric cars and self-driving vehicles.

The UAE has put in place many mechanisms to localize these industries, including: Industrial free zones: such as Khalifa Industrial City (KIZAD), “Jebel Ali” and dozens of other areas in the country, in addition to government incentives by providing tax exemptions and incentives for investors and local companies, and focusing on competencies. National by providing training and qualification programs to employ local competencies in these industries. Through these efforts, the UAE seeks to achieve economic security, enhance innovation and develop a strong industrial infrastructure to support sustainable development.

The Interregional Center for Strategic Analyzes, based in Abu Dhabi, said: “During 2024, the UAE witnessed remarkable progress in the localization and development of strategic industries, supported by a future vision and solid strategies to strengthen the national economy, while the work teams approved during the annual meetings of the UAE government, integrated systems to accelerate the completion of files. The strategy reflects the government’s commitment to strengthening national capabilities.”

The center added that the UAE has achieved many achievements during the year 2024 in areas, the most important of which are: enhancing future technologies, especially in artificial intelligence, as the country continues to pump large investments into the sector, especially in research and in the space sector, with the launch of projects aimed at localizing advanced industries and integrating them. In the national economy, within the “National Strategy for Industry and Advanced Technology.”

Reports indicated that the industrial sector currently contributes 17% of the non-oil domestic product and 9% of the gross domestic product, which reflects the success of the initiatives of the national strategy for industry and advanced technology, and the achievements highlight the UAE’s commitment to promoting and localizing strategic industries, to achieve sustainable development and enhance its position as a global center. For innovation and technology.

Interregional confirmed that the UAE’s renaissance in developing strategic industries came as a result of an ambitious vision and comprehensive strategic planning, aiming to diversify the economy and enhance its global position in accordance with the UAE Vision 2021 and the “300 Billion Project,” which aims to raise the contribution of the industrial sector to 300 billion dirhams by 2031.

The UAE provides training and qualification programs to employ local talent in strategic industries. From the source